§ 13-21-7-11 — Factors to consider in determining amount of tax levy

Indiana § 13-21-7-11

• Jurisdiction: Indiana
• Art. 21: SOLID WASTE MANAGEMENT DISTRICTS
• Ch. 7: Financing: Waste Management District Bonds

Text

(a) In fixing the amount of the necessary
levy, the board shall consider:
(1) the amount of net revenues, if any, to be derived from the
collection of fees under this article; or
(2) any other net revenues collected under the following:
(A) IC 13-21-3-13.
(B) This chapter.
(C) IC 13-21-8 through IC 13-21-12.
(D) IC 13-21-14.
(b) Instead of making the levy or to reduce the amount of the levy,
the board shall annually set aside by resolution the amount of the net
revenues to be collected before maturity of the principal and interest of
the waste management district bonds payable in the following year.
(c) If the board adopts this resolution under subsection (b), the
board may not use any part of the amount set aside out of the net
revenues for any purpose other than the payment of waste management
district bonds and the interest on the bonds. A proportionate payment
of this amount shall be made monthly to the fund.
[Pre-1996 Recodification Citation: 13-9.5-9-3(j).]

Legislative History

As added by P.L.1-1996, SEC.11.